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007 superyacht sinks in greece

Salvage operation underway for grounded 49m superyacht 007 in Greece

A salvage operation is underway to remove the 49-metre Aegean Yacht 007  from her current resting place in the waters of Kythnos, in the Cyclades island chain in Greece.  The yacht was hoisted into an upright position in the early hours of March 21, and a post by the mayor of Kythnos, Mr Stamatios Garderis, said "it's a matter of hours to remove 007 ". The salvage operation began on March 6.

Prior to the removal, the semi-submerged superyacht had been in the same spot since she ran aground and listed in the late hours of  September 2 2022. It is understood that the incident occurred when the yacht struck an underwater obstacle as a result of a failure in the navigation system and began to take on water. Allegedly, she was then deliberately grounded to avoid sinking in deep water. 

The local Coast Guard confirmed she was resting on shallow rocks around 15 metres from the shoreline.

Authorities were quick to contain any potential pollution or debris within a floating sea wall but the extent of the damage to the local area is not yet known. At the time of the incident, five passengers were safely rescued from the yacht.

007 was delivered in 2006 by Bodrum-based shipyard Aegean Yacht as a 32 metre yacht. She has been extended twice since delivery, bringing her total LOA up to 49 metres.

The fate of the superyacht is still not known. 

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Video captures the moment 160-foot ‘007’ superyacht sinks in greece.

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Sunken but not stirred.

Footage captured the calamitous moment that a massive superyacht named “007” sank — with five passengers inside — in Greece

The maritime disaster occurred Friday night after the 160-foot vessel, which reportedly sails under a British flag but is owned by a Swiss businessman, experienced a GPS malfunction off Kythos Island, SWNS reported. This reportedly prompted the captain to bring it closer to shore than was advisable.

As a result, the James Bond-themed luxury boat hit the rocks, and began taking on water with five passengers inside.

“In trying not to be sunk, he sailed closer to shore, in less than 10 meters depth — and that’s how the ship got to that position,” explained a boat owner who witnessed the catastrophe.

Accompanying footage, uploaded to YouTube, shows the swanky vessel, which sports a helipad, lying half-sunken on its side around 50 feet from the nearby Kolona Beach.

The pleasure cruiser hit the rocks off Kythos Island, Greece at around 11pm on Friday.

Thankfully, all five passengers were rescued and transported to safety before the “007” sank. “No people were hurt,” described the aforementioned eyewitness. “The coastguard was immediately aware and sent help in the night.”

Rescuers also erected an anti-pollution perimeter in the area, although there was reportedly “no diesel leakage or damage to the scenery,” the bystander said.

The luxury vessel boasted a helipad, five cabins including a master suite, and other features befitting its James Bond namesake.

Local authorities will launch a probe into the sinking of the “007,” which was delivered in 2006 by the Bodrum-based shipyard Aegean Yacht, but whose owner remains unknown.

Along with a helipad, the superyacht reportedly boasts five cabins, including a master suite, and can reportedly sleep ten people.

This isn’t the first time a luxury vessel has visited Davy Jones’ locker of late. Last month, heart-pounding footage emerged of a 130-foot superyacht capsizing and sinking stern-first into the water off the Italian coast.

In February, a Ukrainian man was arrested for partially sinking his Russian tycoon boss’s $7.7 million luxury super yacht in Spain in protest over the Kremlin’s invasion of Ukraine.

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The pleasure cruiser hit the rocks off Kythos Island, Greece at around 11pm on Friday.

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James Bond-Themed Superyacht Called '007' Sinks Within Yards of Greek Beach

"In trying not to be sunk, he sailed closer to shore," a boat owner who watched the event unfold said of the captain's actions

Five passengers aboard a superyacht named in honor of British superspy James Bond had to be rescued after it capsized and began sinking yards away from a Greek beach Friday.

The 160-foot superyacht named "007" experienced a GPS malfunction around 50 feet from the beaches of Kolona Bay on the Mediterranean island of Kythnos, SWNS reported.

"They say that the captain had some depth problem and he hit the bottom," a boat owner said about the vessel's captain, per SWNS

"In trying not to be sunk, he sailed closer to shore, in less than 10 meters depth — and that's how the ship got to that position." Thankfully, nobody was hurt in the incident, added SWNS.

"The coastguard was immediately aware and sent help in the night," the local continued, per SWNS.

"Next morning they put an antipollution perimeter," the boat owner continued. "It appears there was no diesel leakage or damage to the scenery."

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According to SuperYacht Times , the "007" was developed by Aegean Yachts in 2006 and can accommodate up to 10 people. It also has a steel hull and aluminum superstructure.

In true James Bond style, however, the identity of the owner has not been revealed.

The sinking of the 007 follows the demise of a 131-foot superyacht named My Saga, which capsized nine miles off the coast of Catanzaro, Italy in August.

Shocking footage released by the Italian coast guard showed the vessel sinking stern-first near the Catanzaro Marina.

According to the BBC , "the Italian coast guard rescued all nine people on board – four passengers and five crew. The outlet reported the ship was heading from Gallipoli to Milazzo.

An investigation of the incident is ongoing and it is still unclear what caused the yacht to sink.

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You could say that 2022 has not been a good year for superyachts in general, and you wouldn’t be completely off the mark. In between seizures and legal complications, and what seems like an increased number of totaling incidents, superyacht-watching has definitely gotten more… dramatic this past year.

yacht 007 greece

We can now add another incident to that ever-growing list: 007, a superyacht delivered by Aegean Yachts in 2006, has sunk after running aground off the coast of Greece. It happened on Friday night (September 2), with reports in the local  media  saying that the captain hit rocks under the surface of the water.

The ship is now almost completely submerged in Kolona Bay in Kythnos, in the Cyclades island chain in Greece, only some 15 meters (49.2 feet) from the beach. The Greek Coast Guard has confirmed the incident but, for the time being, it can’t speak on the circumstances surrounding it – and for very good reason, since an investigation into the cause is still underway.

yacht 007 greece

The good news is that the five people onboard the vessel were rescued by the Coast Guard and transported to safety. The other piece of good news is that Coast Guard personnel was able to contain the superyacht with a floating sea wall, and there have been no reports of pollution as of the time of press. Given the location of the wreck, it is very likely that a recovery operation will be attempted.

The captain called in for help after running aground, as the ship started taking on water. Shortly afterwards, 007 listed on the port side, and eventually capsized. Photos and videos have emerged on social media showing the extent of the damage, and you will find some of them included in this article.

yacht 007 greece

007 is a 49-meter (160-foot) superyacht that wasn’t available for charter, but was often described as the perfect family boat. Initially delivered as a 32-meter (105-footer) under the name Royal Enterprise, at the Bodrum shipyard in Turkey, it’s been through several refits, which have contributed to its current explorer-like, more aggressive silhouette. These refits included a lengthening of the hull to 49 meters (160 feet), adding another deck, and a small touch-and-go helipad on top.

yacht 007 greece

With a design by Yavuz Mete, 007 offered accommodation for 10 guests and 5 crew. Powered by twin Caterpillar engines that developed a total of 1,300 hp, it could travel at a top speed of 12 knots (13.8 mph / 22.2 kph). None of that matters now, as it’s come to what could possibly be its end on the rocky shore of Greece.

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Douglas Hensman

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By SuperyachtNews 05 Sep 2022

49m 007 sinks in Greece

The 2006 aegean superyacht currently sits semi-submerged after hitting rocks, with no loss of life reported….

Image for article 49m 007 sinks in Greece

49m motor yacht 007   has been reported sunk in Greece. The incident occurred near the Greek island of Kythnos over the weekend of 3/4th September. Local news outlets have reported that the Syros Port Authority has attended the scene and no injuries or loss of life have been recorded. The vessel apparently hit rocks after navigating into the bay at night. 

yacht 007 greece

The below clip shows the vessel in its semi-submerged state, with MARPOL anti-pollution barriers surrounding it. It has been reported by local media that it is not leaking pollutants at this stage. 

A full statement from the Greek Coast Guard says:

In the evening hours of Friday, the Port Authority of Kythnos received information from the Unified Center for the Coordination of Search and Rescue Operations Λ.Σ.-ΕΛ.ΑΚΤ. five foreign passengers. The vessel Ε/Π σκάφος “ΔΕΛΤΑ ΙΙ” Τ.Σαρωνικού 4760 rushed to the area with an employee of the relevant port authority on board, where it found the above vessel half-submerged, at a distance of about 15 meters from the western side of the sandy beach of Kolonas Bay. The passengers, all in good health, were transferred to a support boat and then taken to the port of Merihas. The port of Kythnos is conducting a preliminary investigation, and no pollution of the marine environment has been observed since the incident.

007 was delivered in 2006 by Bodrum-based shipyard Aegean Yachts, at an LOA of 32m. Subsequently, it underwent multiple refits to extend its LOA to 49m. None of these extensions were undertaken at the Aegean yard. 

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2G Marine News

Salvage operation underway for grounded superyacht 007 in Greece

Annabelle Fox

A salvage operation is ongoing to remove the 49-metre (160-foot) Aegean Yacht 007 from her current resting place in the waters of Kythnos, in the Cyclades island chain in Greece. The yacht was hoisted into an upright position early on 21 st March, and a post by the mayor of Kythnos, Mr Stamatios Garderis, observed “it’s a matter of hours to remove 007”. The salvage operation began on 6 th March.

Prior to the removal, the semi-submerged superyacht had been in the same spot since she ran aground and listed in the late hours on 2 nd September 2022.

It is understood that the incident occurred when the yacht struck an underwater obstacle as a result of a failure in the navigation system and began to take on water. Allegedly, she was then deliberately grounded to avoid sinking in deep water.

Aegean Yacht 007 tipped on its side in the ocean in Greece.

The local Coast Guard confirmed that 007 was resting on shallow rocks around 15m (49ft) from the shoreline.

Authorities were quick to contain any potential pollution or debris within a floating sea wall but the extent of the damage to the local area is not yet known. At the time of the incident, five passengers were safely rescued from the yacht.

007 was delivered in 2006 by Bodrum-based shipyard Aegean Yacht as a 32m (104ft) yacht. She has been extended twice since delivery, bringing her total LOA up to 49m (160ft).

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Video: 49m superyacht 007 sinks in Greece

BY APB Staff on 6 Sep 2022

The yacht capsized on Friday, although it remains unclear how the 49-metre vessel ran aground

Superyacht 007  has sunk off the coast of Greece, according to the local coast guard. Footage has been circulating on social media throughout the weekend of the stricken yacht, which is lying on its side in shallow waters off Kolona Bay in Kythnos.

The 49-metre vessel ran aground on Friday evening and reportedly took on water before capsizing. Reports say 007 is currently semi-submerged and awaiting recovery around 15 metres off the coast. The coast guard says that five passengers were rescued, and there are no reported injuries. Search and rescue teams have installed a boom around the yacht to prevent pollution from spreading around the local environment.  

007 superyacht sinks

In a statement, the Hellenic Coast Guard says: “In the evening hours of Friday, the Port Authority of Kythnos was informed by the Unified Center for Coordination of Search and Rescue LS-EL.AKT. that the yacht 007 of the flag of Great Britain has run aground in the sea area of Kolona Bay, Kythnos with five foreign passengers.

The E/P vessel DELTA II T. Saronicou 4760 rushed to the area with a member of the relevant Port Authority on board, where it located the above semi-submerged T/C, at a distance of approximately 15 meters from the western side of the sandy beach of Kolona Bay. The passengers, all in good health, transferred to the auxiliary boat and were then transferred to the port of Merichas in Kythnos.”

Superyacht 007 runs aground in Kynthos, Greece https://t.co/MJuMZCDt79 #greece #greek #greekcitytimes pic.twitter.com/fe9KOWQVfq — Greek City Times (@greekcitytimes) September 3, 2022

There are some conflicting reports about how the yacht ran aground in the first place. An analysis by eSysman suggests that the captain may have chosen to ground the vessel after it hit rocks, to prevent it from sinking under the water. Meanwhile, Greek outlet Cyclades24 suggests that the GPS failed, leading the boat to run aground in the shallows before breaching and taking on water. 

A towing company is now on the scene in Kythnos, and is establishing how to safely remove the superyacht from the scene. 

007 was launched as Amazon A by Turkish shipyard Aegean Yacht , in 2006. The vessel was originally 32m long but has been extended to 49m in a series of modifications, which included an extra deck and helipad. 

In August, superyacht M/Y Saga sank off the coast of northern Italy , after the crew reported the vessel taking on water at the stern.

Dramatic footage of the scene shared by the  coast guard shows the 39.4-metre superyacht tilting heavily to starboard, as the waves crash against the decks. And, in June, a Custom Line Navetta 26 superyacht sank off the coast of Seferihisar, in western Turkey, after taking on water.

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Nautical News

Videos: Superyacht 007 Capsizes and Sinks in Greece

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Aegean superyacht 007 sinks near Kythnos, Greece

The 49-meter superyacht “007” sank on the island of Kythnos, Greece on Friday night. No one was hurt.

yacht 007 greece

The Coast Guard announced that the yacht is now in an almost fully submerged state.

The superyacht 007 ran aground on Friday evening, causing an inflow of water that gradually tilted the vessel.

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Video: 49m superyacht 007 runs aground in Greece

49-meter Aegean Yacht 007 ran aground in the waters off Kythnos, in the Cyclades Islands chain of Greece.

The incident happened on Friday, September 2, after the yacht apparently hit rocks. It was a steep list that resulted in her taking on water.

superyacht 007 ran aground1-min

According to a local Coast Guard statement, the yacht is currently semi-submerged on the ocean floor at 15m from the beach.

Authorities have now controlled the yacht with a floating seawall, and local media reports no pollution. Five passengers were safely evacuated from the boat and transferred to the local port.

superyacht 007 ran aground1-min

Bodrum’s shipyard Aegean Yacht delivered yacht 007 in 2006. She was a 40-meter yacht. Since delivery, she has been extended twice to bring her total LOA to 49 meters.

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ELEGANT 007 Yacht – Epic 72.5m Superyacht

The ELEGANT 007 yacht measures 72.48 meters in length and is built by Kanellos Bros . This Greek shipyard creates the most modern yachts in an impressively short time, according to the highest quality standards.

She was formerly named RM Elegant and held the record for being the largest yacht ever constructed by Kanellos Bros.

With her sprawling interior spaces coupled with her significant outdoor areas, she is truly an epitome of luxury.

ELEGANT 007 Yacht interior

ELEGANT 007 yacht’s interior was designed by Lally Poulias . Lally Poulias Design produces dynamic places that embrace freedom, flexibility, and ease of comfort while always serving harmony and beauty, drawing inspiration from real craftsmanship skills.

Known as ‘The Party Boat’, her interior exudes a classic vibe with a touch of modern flair, making her the perfect setting for a special occasion or event.

ELEGANT 007 Yacht exterior

Her exterior was penned by Lally Poulias , one of the leading designers in the superyacht based in Greece, that has an impressive portfolio of yacht design.

The superyacht ELEGANT 007 features an unmistakable sleek and futuristic shape that turns heads wherever she travels.

Topped with a sun deck 250 square meters in size, she is ranked amongst the most elite yachts of her type in the industry.

elegant 007 yacht

ELEGANT 007 Yacht accommodation

The ELEGANT 007 has accommodations for up to 30 guests in a total of 15 suites.

It includes one master suite, one VIP cabin, and thirteen twin cabins. Each of these staterooms has a wide variety of entertainment facilities and is connected to the internet via Wi-Fi. 

In addition, she can accommodate up to 28 crew members, ensuring a pleasant and stress-free luxury yacht charter experience.

She is also equipped with an incredible selection of water toys and accessories like the Yamaha Waverunner, kneeboards, kayaks, bananas, water skis, wakeboards, and snorkeling equipment.

ELEGANT 007 Yacht specifications

This mega yacht has a beam of 12.0 meters, a draft of 3.45 meters, and a total volume of 1,541 GT. 

She was constructed with a steel hull and a steel superstructure, providing more space on board thanks to her full-displacement hull. 

She can comfortably cruise at 14 knots, can reach a maximum speed of 18 knots, and has a range of up to 3,300 nautical miles from her 180,140-liter fuel tanks when she is traveling at cruising speed. 

She is powered by twin Caterpillar engines and equipped with a stabilization system to ensure comfort while on a cruise.

ELEGANT 007 Yacht price

The 72.48m Kanellos Bros motor yacht Elegant 007 is currently not listed for sale.

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IMAGES

  1. 49m Aegean superyacht 007 sinks in Greece

    yacht 007 greece

  2. Superyacht 007 Sinks After Running Aground in Greece

    yacht 007 greece

  3. ELEGANT 007

    yacht 007 greece

  4. VIDEO. The super yacht "007", in tribute to James Bond, runs aground in

    yacht 007 greece

  5. Watch as 160ft-long superyacht named ‘007’ SINKS after running aground

    yacht 007 greece

  6. John Staluppi's Latest Super Yacht 2018along the 007 James Bond theme

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COMMENTS

  1. Salvage operation underway for grounded 49m superyacht 007 in Greece

    The 49-metre superyacht 007, which ran aground and listed in September 2022, was hoisted from the shallow rocks of Kythnos island on March 21, 2023. The salvage operation is expected to be completed within hours. The fate of the yacht is still unknown.

  2. Video captures moment 160-foot '007' superyacht sinks

    Video captured the moment a 160-foot super yacht named "007" sank off Greece. Like James Bond's martini, this vessel was on the rocks. Video captured the moment a yacht sank with five passengers ...

  3. James Bond-Themed Superyacht Called 007 Sinks Yards from Greek Beach

    A 160-foot superyacht named "007" sank yards away from a Greek beach after a GPS malfunction, according to a boat owner who witnessed the incident. The vessel, developed by Aegean Yachts in 2006, was designed to resemble the James Bond character and can accommodate up to 10 people. No injuries were reported.

  4. MY 007

    MY 007 was a James Bond-themed superyacht that sank off the coast of Greece on 2 September 2022. Description. 007 was a monohull yacht with an aluminum superstructure and three teak wood decks. Originally, the ship was 32 m (105 ft 0 in) long, but this was later expanded to 49 m (160 ft 9 in) long.

  5. Millionaire's abandoned, capsized 007 superyacht finally refloated

    A James Bond-themed superyacht, aptly called 007 and restyled to resemble something the world-famous spy would sail, has been refloated, six full months after it was intentionally run aground. On September 2, 2022, 007 ran aground off the coast of Greece, in Kolona Bay, some 15 meters (49.2 feet) from the beach.

  6. Luxury Superyacht 007 Sinks off Kythnos, Greece

    The 49-meter superyacht 007 sank off the island of Kythnos, Greece on Friday night, according to the Hellenic Coast Guard. No one was hurt. The incident took place at Kolona Bay, where one of the most picturesque beaches in Greece is located. It is a favorite destination for yachts. On Saturday morning, the Coast Guard announced that the yacht ...

  7. 49m superyacht 007 refloated following salvage operation in Greece

    The salvage of the 49m superyacht 007 which sank in Greece last month, has now begun. See more. Casualty 49m superyacht 007 refloated following salvage operation in Greece. Written by ... Sailing Yachts. Motor Yachts. By Shipyard. Feadship. Benetti. Azimut. Lürssen. Sanlorenzo. Westport. Heesen. SilverYachts. By Type. Explorer. Sport Fishermen ...

  8. Superyacht 007 sinks after running aground in Greece

    We can now add another incident to that ever-growing list: 007, a superyacht delivered by Aegean Yachts in 2006, has sunk after running aground off the coast of Greece. ... The ship is now almost completely submerged in Kolona Bay in Kythnos, in the Cyclades island chain in Greece, only some 15 meters (49.2 feet) from the beach. The Greek Coast ...

  9. Superyacht 007 Salvage Operation Underway in Greece

    Superyacht 007 Salvage Operation Underway in Greece. By YATCO Posted on March 23, 2023 News. An update on the salvage operation to remove 49m (161ft) Aegean Yacht 007 was released following her sinking in September 2022. Mayor Stamatios Garderis of the island of Kythnos, in the Cyclades shared photos with the caption, "Ready to set sail.

  10. Superyacht "007" sinks off Kythnos: GPS to blame ...

    The Superyacht 007 remains submerged off the beach of Kolonas on the island of Kythnos in the central Aegean Sea, still four days after it ran. Friday , March 8 2024 ... The incident took place at Kolona Bay, one of the most picturesque beaches in Greece, a favorite destination for yachts. The yacht submerged at a distance of 15 meters from the ...

  11. SuperyachtNews.com

    49m motor yacht 007 has been reported sunk in Greece. The incident occurred near the Greek island of Kythnos over the weekend of 3/4th September. Local news outlets have reported that the Syros Port Authority has attended the scene and no injuries or loss of life have been recorded. The vessel apparently hit rocks after navigating into the bay ...

  12. Greece has started the salvage of 49-meter superyacht 007

    Greece has started the salvage of 49-meter superyacht 007. The 49-meter Aegean Yacht superyacht 007's salvage operation has started after the boat capsized and sank last month. Jonathan Jones, a reader of the SuperYacht Times, saw the activity this past weekend while taking in the sunlight off the Greek island of Kythnos.

  13. Salvage operation underway for grounded superyacht 007 in Greece

    A salvage operation is ongoing to remove the 49-metre (160-foot) Aegean Yacht 007 from her current resting place in the waters of Kythnos, in the Cyclades island chain in Greece. The yacht was hoisted into an upright position early on 21 st March, and a post by the mayor of Kythnos, Mr Stamatios Garderis, observed "it's a matter of hours to remove 007".

  14. M/Y 007 Runs Aground and Sinks in Greece

    During the night of Friday, September 2, 49-meter M/Y 007 ran aground off the coast of Kythnos, Greece, and ended up listing to her port side.Local media Proto Thema reports that the Coast Guard found the yacht in a semi-submerged state when they arrived at the scene. The five passengers were not in danger and were transferred to the port of Merichas in Kythnos.

  15. Superyacht 007 runs aground in Kynthos, Greece

    Greece beats 2022 Eurobasket host Italy in Milan. The 49 metre Aegean Yacht 007 has run aground and listed on her port side in the waters of Kythnos, in the Cyclades island chain in Greece. The incident took place on Friday night (September 2) after the yacht reportedly hit rocks. She began taking on water, resulting in a steep list.

  16. 49 Meter 007 Yacht Sinks In Greece

    September 3, 2022. Earlier this morning it was reported that the 49-meter 007 yacht sank in Greece after running aground on Friday night. The yacht reportedly sent out mayday calls which the coast guard answered and arrived to find the yacht sem-submerged. The five passengers that were onboard were quickly rescued and were in no immediate danger.

  17. Video: 49m superyacht 007 sinks in Greece

    Superyacht 007 has sunk off the coast of Greece, according to the local coast guard. Footage has been circulating on social media throughout the weekend of the stricken yacht, which is lying on its side in shallow waters off Kolona Bay in Kythnos. The 49-metre vessel ran aground on Friday evening and reportedly took on water before capsizing.

  18. Superyacht 007 Sinks After Running Aground in Greece

    Photo: protothema.gr. We can now add another incident to that ever-growing list: 007, a superyacht delivered by Aegean Yachts in 2006, has sunk after running aground off the coast of Greece. It ...

  19. Videos: Superyacht 007 Capsizes and Sinks in Greece

    Aegean superyacht 007 sinks near Kythnos, Greece. The 49-meter superyacht "007" sank on the island of Kythnos, Greece on Friday night. No one was hurt. The incident took place at Kolona Bay, one of the most picturesque beaches in Greece, a favorite destination for yachts.

  20. 49m Aegean superyacht 007 sinks in Greece

    The 49m Aegean superyacht 007 sinks in Greece last night, believed to be off Kythons Island. The 49m Aegean superyacht 007 sinks in Greece last night, believed to be off Kythons Island. ... Sailing Yachts. Motor Yachts. By Shipyard. Feadship. Benetti. Azimut. Lürssen. Sanlorenzo. Westport. Heesen. SilverYachts. By Type. Explorer. Sport ...

  21. Video: 49m superyacht 007 runs aground in Greece

    49-meter Aegean Yacht 007 ran aground in the waters off Kythnos, in the Cyclades Islands chain of Greece. The incident happened on Friday, September 2, after the yacht apparently hit rocks. It was a steep list that resulted in her taking on water. According to a local Coast Guard statement, the yacht is currently semi-submerged

  22. 007 Yacht

    The 007 yacht is a well-proportioned motor yacht built by Aegean Yachts. This Turkey-based yacht firm specializes in building fully customized steel and aluminum yachts and refit services, purchasing, selling, and managing a substantial number of yachts. ... *The yacht sunk off the coast of Greece in September 2022 and is currently being ...

  23. ELEGANT 007 Yacht

    The ELEGANT 007 yacht measures 72.48 meters in length and is built by Kanellos Bros. This Greek shipyard creates the most modern yachts in an impressively short time, according to the highest quality standards. ... Her exterior was penned by Lally Poulias, one of the leading designers in the superyacht based in Greece, ...